Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) edged 0.32% or 16.31 points down to close at 5,131.56 points on Thursday.

The weighted index fell 0.42% or 1.49 points to settle at 350.36 points. Also, KSX 15 dropped 0.44% or 3.65 points to 827.17 points.

The price index is targeting 5,100 and 5,097 points, and braking below those levels may lead to a further decline to 5,030 points, technical analyst Nawaf Al-Oun said, adding that the resistance is 5,174 points.

Today’s trading value decreased 10% to KWD 7.96 million, as trading volume decreased 17% to 75.16 million shares.

The technology sector led the decliners after it dropped 2.85%, while the consumer services sector topped the gainers with 1.06% growth.

Kuwait Foud was the top winner by a surge of 20.37%, while Egypt Kuwait Holding headed the losers by a decline of 7.35%.

Manazel was the most active stock as 8.75 million shares were traded.

Zain stock recorded the highest turnover of KWD 1.7 million, however, the stock fell by 1.45%.